Sr. Wire Transfer/ACH Coordinator

Cass Information Systems•Saint Louis, MO

About The Position

The Sr. Wire Transfer/ACH Coordinator receives and processes incoming and outgoing wire transfer instructions and processes outgoing Automated Clearing House instructions with extreme accuracy. This position will monitor the Bank's reserve position to ensure no daylight overdrafts occur and furnish information to the Investment Officer for daily investments. Set up security and ensure proper measures are followed. Receive and disseminate balance information from Fedline to appropriate parties.

Requirements

Proficient with Microsoft Office Products, with intermediate experience in Excel and Word.
Ability to communicate professionally with all levels, both orally and in writing.
Demonstrated customer relation skills to both internal and external customers.
Ability to work well under pressure and meet established deadlines.
Works independently without close supervision.
Extremely detail oriented and high level of analytical ability.
Able to work overtime as required.
Complete and thorough understanding of the ACH and funds functions.
Ability to properly determine funds movement under some time constraints.
High school diploma or equivalent required.
4 years of banking experience in operations/retail or accounting.
2 years of ACH and wire transfer experience.

Responsibilities

Initiates domestic and international outbound wire transfers and receives inbound wire transfers in excess of $200,000,000 daily.
Coordinates verification of outbound wire transfers to ensure wires are sent timely.
Verifies and posts customer balances to the customer’s account prior to sending any outbound wires.
Verifies security codes to insure proper authority for wire transfer instructions.
Process outgoing wires which are received via the Internet Banking System.
Determines and responds to customer timing requirements in processing the wire transfers.
Uses judgement to determine when account officer authorization is necessary.
Monitors account balance at Federal Reserve Bank in order to make decisions on when wire transfers can be sent.
Ensures a positive account balance and notifies the Investment Officer when additional funds are needed.
Processes Automated Clearing House activity including data entry, verifying Federal Reserve Bank information, and processing 3 rd party payroll.
Has extensive telephone contact with customers, Federal Reserve Bank personnel, Payroll Processors, and Cass Information Services Inc.
Reports customer activity as required.
Balances wire transfer, automated clearing house, and departmental transactions daily, balances prior day’s activity to Federal Reserve Bank balances utilizing reports from all Cass companies.
Provides backup on account balance information, lockbox deposit totals, and controlled disbursement figures to customers on a daily basis via e-mail. Information must be reported timely and accurately in order for customers to make investment decisions.
Accumulates activity charges for wire transfers and Automated Clearing House transactions and forward activity to the account analysis clerk.
Enters stop payment information, keys inter-account transfers contacting Account Officers for approval of any non-standard activity, keeps special instruction files for customer exceptions and additional related activities as required.
Distributes electronic bulletins from Fedline to proper departments on a timely basis.
Orders foreign currency and foreign drafts upon request through Bank of America.
Processes customer electronic data interchange (EDI) information to distribute Notification of Change reports accordingly.
Researches wire transfers and automated clearinghouse transactions as required by internal and external customers.
Maintains Accredited ACH Professional status by attending seminars, conferences, and sitting on MPX work groups.
Maintains Customer PIN Database.
Provides backup for the bank’s Internet Banking System database and information reporting function.
Trains backup personnel on all functions of Wire Transfer and ACH.
Performs other duties as required or assigned.